KB Insurance (aka the bin fund)

[Soul.Trader]

Nah, to me having insurance is saying "sometimes, shit happens, and I'd rather be prepared".

[madbikeboy]

At least they won't be guttered since they've raised offspring that might be able to support them when they reach old age...

Bling for Mikkel!

[madbikeboy]

You should be a bit more careful with your words. If I've found anything since I've started riding, it's that bikes bring together people from ALL walks like life, and you're working pretty hard to alienate a large portion of riders. Have you ever met a lawyer or a property developer? If you had (which you clearly havent), you'd know they're very normal people like me and you.



as an ACCOUNTANT who does the annual work for many of these types of people, I can confidently say they pay A LOT MORE TAX than yourself, buddy. Believe it or not, it's extremely difficult to legitimately evade your tax liability. I did the accounts for a gentleman on a salary (a PAYE payer, no business activities) who was paying $120,000 PER YEAR in tax. Do you think that's fair? He's also a good bastard by the way.

I might also add that property developers prop up rate payers so substantially, that if they weren't around, you wouldn't be able to handle your rates liability. Property developers get royally screwed by local government.

Umm, last year I didn't pay that much tax. Bu the year before I paid more than $120k in tax. I also read law at Undergrad, and I saw the light before the madness took hold. I actually like a few lawyers. Oh, and I spent a couple of years fighting property developers over a leaky building. They're normal people, with a few bad seeds... Ahem.

While you're wiping away tears for the poor property developers, can we get back on point about a bin fund?

[Quasievil]

Nice idea in a fluffy world where we wear rose colored spectacles and give hugs to each other, but the idea has no legs and I doubt it will ever get of the ground.
If it does and Im proved wrong and there is a nice helping fund for a kb biker member who meets the "criteria" I will offer the medium average donation given to the cause as well.

After a few years on KB, I think this has been discussed on several occasions but to no avail.

buy insurance cover yourself, and if you cant afford insurance get of my road.

[Romeo]

I'd rather see any funds I donate go to either an injured rider (think Shaun Harris immediately after his IOM accident), into legislation/action to make riding safer (Cheese Cutters etc), or to the Westpac chopper.

Though, I'll admit that there have been a few instances in the past where KB'ers have been royally shafted by Insurance and courts. So there are grounds on that basis.

But at the end of the day, motorcycling ISN'T cheap, if you can't afford insurance ontop of that then you really shouldn't be riding.

[RantyDave]

Simply by having insurance you are saying that you do not have faith in your ability to avoid an accident or keep your bike safe from being stolen.

Or you could say that I don't have faith in Fulton Hogan's ability to sweep up the stones once they're done resurfacing; or that I don't have faith in aunt Dorothy's ability to not back out of her drive at a really inappropriate moment; or merely that I am willing to pay into a fund between myself and all the other hoons to share the cost when one of us *does* bin. I can even, under some sets of circumstances (being older, a chick, riding a classic bike or low k's) exclude myself from some groups and not have to put quite as much in the pot. But the point is that the bin fund exists already and is called the insurance industry.

There are occasions when KB gets together to pay for something/someone when we feel there are exceptional circumstances or they are just plain lucky bastards and I feel the current 'system' of doing this just whenever someone feels the need is plenty good enough. I also think it could grow old really fast so we need to be careful.

Dave

[Soul.Trader]

we're bikers, not rich asshole property developers and lawyers

Umm, last year I didn't pay that much tax. Bu the year before I paid more than $120k in tax.

Something tells me you're full of crap. You're not rich, you just pay $100,000+ tax?

[bucket boy]

[QUOTE=LLAMA SOLA;1480330]If you can't afford insurance, don't get a fucking bike!!

Who says if you dont have insurance you cant afford it some people like myself take the risk

[Soul.Trader]

As long as you dont "take a risk" right into the side of a new Mercedes, that's fine.

[bucket boy]

As long as you dont "take a risk" right into the side of a new Mercedes, that's fine.

And if i do it will be me paying for it

[RantyDave]

You're not rich, you just pay $100,000+ tax?

If he owns a business, even a small one, his tax bill could hit $120k easily. The question is whether or not you count it as being his tax bill...

Dave

[madbikeboy]

Something tells me you're full of crap. You're not rich, you just pay $100,000+ tax?

No, I'm not rich. But I've had a few years where I've done okay. I had a lifestyle change about a year ago where I got sick of the long hours and politics, and retired from being a GM. Don't make assumptions soletrader, I have met a lawyer or two, and I've met a property developer of two, and I can count.

You enjoy your lil' 250? I'll go home and hug my Gixer, My CBX1000, and my race bike - and then I'll look out and watch the waves crashing and contemplate where the bin fund went so wrong...

[YellowDog]

This sounds a bit like paying Union subs. I think this is an excellent idea.

The main issue I see is to having a panel of voters and set criteria to decide what is and what is not worthy of assistance.

[madbikeboy]

It's about defining what the money gets used for.

If JoeAverage has a bin, has insurance, but can't get to work because his bike is his only transport...

If JoeAverage has a crash, he's insured but his time off work means that his family doesn't eat...

It's not intended as a prize for binning - it's simply a hardship grant.

Anyhow, it seems that the idea doesn't have any legs after seeing the range of comments, and it has been tried before. So, instead of spending more time on an outcome that is predetermined, I'll go back to surfing for bike porn.

[Str8 Jacket]

I see exactly what you're trying to do. I dont think it would work but it is a good idea, however what about if someone who everyone really dislikes needs to call upon this "fund".... They contirbuted to it yeat most of the other contributors dont want them to get any $$. How would this work? Let's say a person that everyone loves bins there bike in a bad way but has no insurance and wasnt riding to their licence conditions but beacuse they are popular everyone wants them to get some $$. What about when someone lies to us and they dont have insurance or are not riding to their licence conditions but we give them $$, then someone finds out the truth..... etc etc.....
There are so many things to consider when doing someting like this, I think it may be more trouble than its worth.